Intuitive Machines, Inc. $LUNR Stake Lowered by MAI Capital Management

Key Points

• MAI Capital Management significantly reduced its holdings in Intuitive Machines, Inc., selling 62,194 shares to lower its stake by 79.9%.
• Insider transactions revealed that Director Kamal Seyed Ghaffarian sold 40,254 shares, now retaining a total of 3,494,768 shares valued at approximately $47.14 million.
• Intuitive Machines reported a quarterly loss of ($0.11) EPS, underperforming against analysts' expectations and setting its FY 2025 guidance at 0.73 EPS.

MAI Capital Management lessened its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 79.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,673 shares of the company's stock after selling 62,194 shares during the quarter. MAI Capital Management's holdings in Intuitive Machines were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Intuitive Machines during the first quarter worth about $67,000. Sigma Planning Corp acquired a new position in shares of Intuitive Machines in the first quarter worth about $78,000. Park Avenue Securities LLC acquired a new position in shares of Intuitive Machines in the first quarter worth about $81,000. Philadelphia Trust Co. lifted its stake in shares of Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after acquiring an additional 1,000 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in shares of Intuitive Machines in the first quarter worth about $89,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LUNR shares. Craig Hallum started coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 price target on the stock. Bank of America cut their price target on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research note on Monday, August 25th. UBS Group reiterated a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Canaccord Genuity Group cut their price target on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Finally, Barclays began coverage on Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating on the stock. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.10.

Insider Transactions at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 161,016 shares of company stock worth $1,997,001 in the last 90 days. Corporate insiders own 39.75% of the company's stock.

Intuitive Machines Trading Up 3.1%

NASDAQ LUNR traded up $0.26 on Friday, hitting $8.78. 4,580,390 shares of the stock traded hands, compared to its average volume of 5,503,070. The stock has a 50-day moving average of $10.15 and a 200 day moving average of $9.86. Intuitive Machines, Inc. has a twelve month low of $5.34 and a twelve month high of $24.95. The company has a market capitalization of $1.57 billion, a P/E ratio of -2.71 and a beta of 1.38.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.